V.I.P. Industries (507880) Q3 25/26 earnings summary

Executive summary

• Un-audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were approved and reviewed by the Board and Audit Committee on February 14, 2026.

• The statutory auditors issued unmodified review reports for both standalone and consolidated results, confirming compliance with Indian Accounting Standards and SEBI regulations.

Financial highlights

• Consolidated revenue for Q3 FY26 was Rs 454.13 Cr, down from Rs 501.07 Cr in Q3 FY25; nine-month revenue was Rs 1,421.90 Cr versus Rs 1,684.22 Cr year-over-year.

• Consolidated net loss for Q3 FY26 was Rs 50.89 Cr, compared to a net loss of Rs 81.40 Cr in Q3 FY25; nine-month net loss was Rs 209.11 Cr versus Rs 41.43 Cr year-over-year.

• Exceptional income of Rs 63.53 Cr in Q3 FY26 from sale of non-core assets and partial insurance claim receipts.

• Basic EPS for Q3 FY26 was Rs (3.72), compared to Rs (10.08) in Q3 FY25.

Outlook and guidance

• Multiples Private Equity Fund acquired control and was classified as 'Promoter' following a 32% stake purchase, with regulatory approvals and share transfer completed during the quarter.

• Company continues to monitor the impact of new Labour Codes and will review estimates as further clarifications are issued.